• S&P Global's Oct. 19, 2026, analysis warns Hormuz disruptions threaten a global food crisis, with farm-cost pressures potentially hitting food markets in 2027.
• Roughly 29% of global urea trade normally passes through Hormuz; disrupted supplies threaten fertilizer availability.
• Diesel's premium over crude exceeded $100 per barrel in early September, versus $12-$20 historically, increasing pressure to cut planting.
• Higher oil prices strengthen biofuel demand, limiting crop markets' ability to shift toward food production.
• El Niño could deepen harvest losses; Brazil's corn forecast fell 6 million metric tons to 137 million metric tons.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. S&P Global Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610190715PR_NEWS_USPR_____NY75199) on October 19, 2026, and is solely responsible for the information contained therein.